Match the following statements. Do not use any statement more than once. Statement of Financial Position Choose... Accrued expense Contra Asset Depreciation Choose... Entry to record a cash payment of an expense before it occurs A payment of cash or other assets from a proprietorship or partnership to its owner or owners Debts or obligations of a business Another name for the balance sheet The broad principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses The 12 consecutive months (or 52 weeks) selected as an organization's annual accounting period. A listing of accounts and balances prepared after adjustments are recorded and posted to the ledger Entry to record wages owed, but not paid The expense created by allocating the cost of plant and equipment to the periods in which they are used An account linked with another account and having an opposite normal balance Liabilities Matching Principle Adjusted trial balance > Fiscal year Choose... Prepaid expense Choose. Choose... Withdrawal